Box's losses are continuing to add up and revenue is not growing enough to suit Wall Street, reports the New York Times.» Read More
NEW YORK— The industrial heart of General Electric, the company's new focus, posted lower revenue and earnings in the first quarter amid an enormous overall loss resulting from its recently-announced sale of most of the assets in its finance subsidiary. Adjusted earnings per share fell 6 percent to 31 cents, a penny better than analysts polled by Zacks...
April 15- As General Electric Co stock soared last Friday to its biggest one-day gain in six years, investor Patrick Kaser's fund made a choice: Sell it all. Kaser, who manages Brandywine Global's $7 billion large-cap value equity portfolio, said his fund unloaded its entire 6 million-share position after the U.S. conglomerate announced it would shed most of its...
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.
Harry Wilson, MAEVA Group chairman & CEO, discusses General Electric's plan to restructure and regain the competitive advantage. And William Daley, former Obama chief of staff, adds perspective
April 10- General Electric Co Chief Executive Jeff Immelt has had a bumpy ride for the past seven years, navigating economic turbulence, swapping in and out of businesses and struggling to energize his sluggish stock. GE shares had their best day since March 2009, jumping 10.8 percent in heavy trading to close at $28.51 on the New York Stock Exchange.
April 10- General Electric Co's move on Friday to shed most of its GE Capital unit over the next few years could finally reward the patience of shareholders who have endured years of holding a market laggard. "Essentially, GE has been treated like a bank by investors," said Charles Sizemore, chief investment officer of Sizemore Capital Management in Dallas.
GE shares jumped 7.5 percent on Friday after the company outlined plans for substantially shrinking its GE Capital unit. The plan includes a buyback of up to $50 billion in GE shares, the sale of about $30 billion in real estate assets over the next two years and the disposal of more GE Capital operations. The repurchase program, which will be partly funded by $35...
Art Cashin of UBS, shares his thoughts on General Electric's move to sell the bulk of the assets in its GE Capital unit.
CNBC's David Faber sits down with GE CEO Jeffrey Immelt to talk about the company's decision to sell GE Capital and take the bulk of the sales to buy back $50 billion of its stock.
Former Honeywell CEO Larry Bossidy, weighs in on General Electric's plan to sell most of its GE Capital assets.
CNBC's Steve Liesman; Jack De Gan Harbor Advisory; and Jeff Saut, Raymond James, share their thoughts on General Electric's restructuring plan, and the outlook on the markets.
CNBC's Mary Thompson reports on General Electric's restructuring plan and what it means for the stock.
It makes the company a lot cleaner, says Nick Heymann, William Blair, sharing his thoughts on General Electric's plans to sell most of GE Capital's asset and issue a $50 billion stock buyback program.
The "Squawk Box" crew reports former GE CEO Jack Welch likes General Electric's plan to sell most of GE Capital's assets and return proceeds to shareholders.
The "Squawk Box" crew discusses Moody's lowering of GE's senior unsecured debt to A1, and calling the downsizing a "positive" development.
Steven Winoker, Sanford C. Bernstein, shares his thoughts on General Electric's plan to sell its real estate holdings and put the bulk of the proceeds into a massive buyback program.
CNBC's David Faber talks with GE CEO Jeffrey Immelt about the timing of General Electric's massive restructuring plan and its plan to use the bulk of the proceeds for its massive buyback plan.
Ivan Feinseth, Tigress Financial Partners, provides perspective on General Electric's plans to sell most of GE' Capital assets and put the bulk of the proceeds towards a buyback program.
CNBC's David Faber talks with GE CEO Jeffrey Immelt about the company's massive restructuring of its financial unit. The business model for financial services has changed, says Immelt.
*GE's real estate assets worth $30 bln. *Buyers led by Blackstone, Wells Fargo- source. April 9- General Electric Co is nearing a deal to sell practically all of its $30 billion real estate assets to a consortium led by Blackstone Group and Wells Fargo& Co, according to a person familiar with the matter.